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Author Topic: Does the Price of Bitcoin Matter?  (Read 266417 times)
sartoga
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June 18, 2017, 06:47:29 PM
 #3341

The price of bitcoin is only relevant for investors and speculators. If you want to buy something or pay for something worth e.g. $100, then you buy bitcoin worth $100 and send the coins. At that time the value of bitcoin doesn't matter, because you will always send bitcoin worth $100.
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June 18, 2017, 07:36:20 PM
 #3342

Ask 1,000 different people and you will get 1,000 different answers. It depends on how people look at Bitcoin and the reasons they do or not use them.
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June 18, 2017, 07:45:19 PM
 #3343

Definitely,
If the doesn't matter then why people are going to be involved in this platform, people generally getting engaged in Bitcoin for the purpose of making profit, if price is high then investor will gain a good profit but if price low then they will occur a lose if they will sell...so price is the main factor to influence people to connect with Bitcoin...

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June 18, 2017, 07:49:24 PM
 #3344

Ask 1,000 different people and you will get 1,000 different answers. It depends on how people look at Bitcoin and the reasons they do or not use them.

Well we do have different suggestions and opinions with this question. But it's very obvious that the price of bitcoin does really matter. When the price is increasing, those people that are hoping for it will sell their bitcoins and will just wait again the price to get back at dip. And when it is on that rate already, they will just buy so price does really matters.

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June 18, 2017, 07:50:56 PM
 #3345

If I were to give a definitive answer, I'd say yes. Because the price can show how strong bitcoin is and that there is a demand for it. Also, the price being sure to rise up is a great sign for investors. So, yes, I think that the price matter quite a lot.


 
 
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June 18, 2017, 08:10:42 PM
 #3346

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

For me, only the value of bitcoin matters and nothing else, not the technology. I am a long term investor of bitcoin and I am earning since the price was at 450 USD. I started trading at the same time. So bitcoin has become a second line of income for me by now. I have a day job and I trade during weekends only which adds a good amount to my portfolio every week.

Bitcoin has the potential to go up in future and hence I am investing in bitcoin. I have also recently diversified to ETH because the price of ETH is increasing continuously. For me, crypto currency is an investment where the price and profit matters.


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June 18, 2017, 08:28:57 PM
 #3347

I really do not think the price matters to traders. Whether up or down the traders will still trade and make profit. What matters to the traders is the fluidity and liquidity that Bitcoin commands because it aids in the movement (trend) of the coins.

However, the price of Bitcoin will be of a major concern to those who hoard it in anticipation for a future price increase so they can upload to the market for profit or in exchange for goods and services. This set of people will always wish the trend continues on the upward.

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June 18, 2017, 08:34:43 PM
 #3348

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

Today, the price really matters. Some rely on Bitcoin for income and since it is in the issue of money, the price is crucial. Many are investing in Bitcoin, some are earning Bitcoin. These people are seeking income and profit from Bitcoin so if the price goes down then they will not gain a profit and if the price increases  then a good profit will be at hand. Price has become so important today because most of the people that uses Bitcoin seeks for profit.

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June 18, 2017, 08:50:04 PM
 #3349

If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.
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June 18, 2017, 08:52:46 PM
 #3350

If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.

Well if the price goes down some miners will just turn off their rigs and difficulty will go down instead so it doesn't really matter for mining as a whole. Of course the ones with the lowest profit margins will be hit when that happens though.
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June 18, 2017, 08:55:56 PM
 #3351

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

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June 19, 2017, 05:44:32 AM
 #3352

If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.

Well if the price goes down some miners will just turn off their rigs and difficulty will go down instead so it doesn't really matter for mining as a whole. Of course the ones with the lowest profit margins will be hit when that happens though.
Business is profitable for them if the price is high, they will have to pay for the operating expenses in order to continue their business and they are not only solely mining, they also invest, so their interest is to see the price increase which is happening now.

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June 19, 2017, 07:26:32 AM
 #3353

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

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June 19, 2017, 08:07:15 AM
 #3354

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

Value or the price of bitcoin is one of the most matter because if bitcoin will not that high right now then the miners will just leave bitcoin and transfer to other coins like ethereum and they will just continue mining their and leave bitcoin in the dust. Most of the people wants high value because that is one of the easiest way to tell that it is a good investment.

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June 19, 2017, 09:34:49 AM
 #3355

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

Value or the price of bitcoin is one of the most matter because if bitcoin will not that high right now then the miners will just leave bitcoin and transfer to other coins like ethereum and they will just continue mining their and leave bitcoin in the dust. Most of the people wants high value because that is one of the easiest way to tell that it is a good investment.
If the price is high, thats the good time to influence others . Bitcoin price is the reason why I joined btc ,but lately im entering also in alts but will still left some amount in btc since for sure soon it will pump again.

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June 19, 2017, 09:45:38 AM
 #3356

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

Value or the price of bitcoin is one of the most matter because if bitcoin will not that high right now then the miners will just leave bitcoin and transfer to other coins like ethereum and they will just continue mining their and leave bitcoin in the dust. Most of the people wants high value because that is one of the easiest way to tell that it is a good investment.
If the price is high, thats the good time to influence others . Bitcoin price is the reason why I joined btc ,but lately im entering also in alts but will still left some amount in btc since for sure soon it will pump again.
We must not always depend on the price always, but you must be always aware and have the knowledge on the system that digital currency is about to change at anytime. There is no certain time when it will change it's value, you must also observe the fluctuations of bitcoin price in the market you cannot expect bigger price always and change is always there; so expect for the worst and prepare for the best.

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madwica
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June 19, 2017, 10:12:01 AM
 #3357

Price of bitcoin always matter we use the value as basis in all earning methods in bitcoin specially in trading. This is also saying if we get income in our investment or not. This is also say if we need to sell or just keep on waiting to make us profit.


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bitllionaire
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June 19, 2017, 12:27:25 PM
 #3358

Price of bitcoin always matter we use the value as basis in all earning methods in bitcoin specially in trading. This is also saying if we get income in our investment or not. This is also say if we need to sell or just keep on waiting to make us profit.
not only in trading but for everything the price of bitcoin matter. in fact every person who is related to bitcoin they are depending on the price of bitcoin, people take interested in trading if they realize that the price of bitcoin is increasing.


 
 
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stompix
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June 19, 2017, 02:32:58 PM
 #3359

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.


Are you sure the value determines the price and not that the price determines the value?
I think it is the other way around Wink)) lols.


If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.

And what do we get from that?
It doesn't matter how many miners are mining the blockchain.
Bitcoin has run for months with just one computer solving hashes alone.

And difficulty is rising because more and more are mining , cutting their own share of the pie in smaller and smaller pieces.

xLittlegirly
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June 19, 2017, 04:10:32 PM
 #3360

Yes price matter for some and for some it doesnt . People who trade with coins will be desperate that it should go and down !

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